UYG vs. UPRO
Compare and contrast key facts about ProShares Ultra Financials (UYG) and ProShares UltraPro S&P 500 (UPRO).
UYG and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both UYG and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UYG vs. UPRO - Performance Comparison
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UYG vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | -19.79% | 19.77% | 55.71% | 22.14% | -32.11% | 76.26% | -20.32% | 66.15% | -22.61% | 39.28% |
UPRO ProShares UltraPro S&P 500 | -16.03% | 31.88% | 63.57% | 68.53% | -56.84% | 98.64% | 10.09% | 102.30% | -25.11% | 71.37% |
Returns By Period
In the year-to-date period, UYG achieves a -19.79% return, which is significantly lower than UPRO's -16.03% return. Over the past 10 years, UYG has underperformed UPRO with an annualized return of 16.07%, while UPRO has yielded a comparatively higher 25.25% annualized return.
UYG
- 1D
- 4.23%
- 1M
- -7.23%
- YTD
- -19.79%
- 6M
- -17.96%
- 1Y
- -8.20%
- 3Y*
- 25.33%
- 5Y*
- 11.21%
- 10Y*
- 16.07%
UPRO
- 1D
- 8.61%
- 1M
- -15.71%
- YTD
- -16.03%
- 6M
- -12.57%
- 1Y
- 32.51%
- 3Y*
- 37.29%
- 5Y*
- 16.63%
- 10Y*
- 25.25%
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UYG vs. UPRO - Expense Ratio Comparison
UYG has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Return for Risk
UYG vs. UPRO — Risk / Return Rank
UYG
UPRO
UYG vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) and ProShares UltraPro S&P 500 (UPRO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| UYG | UPRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.21 | 0.60 | -0.81 |
Sortino ratioReturn per unit of downside risk | -0.04 | 1.18 | -1.22 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.04 | -1.24 |
Martin ratioReturn relative to average drawdown | -0.58 | 4.18 | -4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UYG | UPRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 0.60 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.33 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.47 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.59 | -0.61 |
Correlation
The correlation between UYG and UPRO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UYG vs. UPRO - Dividend Comparison
UYG's dividend yield for the trailing twelve months is around 14.56%, more than UPRO's 1.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | 14.56% | 11.72% | 0.51% | 0.79% | 0.77% | 9.39% | 0.66% | 0.90% | 1.28% | 0.56% | 0.76% | 0.72% |
UPRO ProShares UltraPro S&P 500 | 1.04% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
Drawdowns
UYG vs. UPRO - Drawdown Comparison
The maximum UYG drawdown since its inception was -97.90%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for UYG and UPRO.
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Drawdown Indicators
| UYG | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.90% | -76.82% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -33.38% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -47.77% | -63.94% | +16.17% |
Max Drawdown (10Y)Largest decline over 10 years | -69.98% | -76.82% | +6.84% |
Current DrawdownCurrent decline from peak | -24.25% | -20.48% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -63.78% | -14.53% | -49.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.08% | 8.33% | +1.75% |
Volatility
UYG vs. UPRO - Volatility Comparison
The current volatility for ProShares Ultra Financials (UYG) is 9.55%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 15.89%. This indicates that UYG experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYG | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 15.89% | -6.34% |
Volatility (6M)Calculated over the trailing 6-month period | 23.04% | 28.41% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.69% | 54.34% | -15.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 50.34% | -14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.08% | 53.70% | -12.62% |